Question

Consider the information about the economy of Pakistan. Note that the currency of Pakistan is the rupee. The government purchases: 3.10 trillions of rupees. Individuals consume: 11.00 trillions of rupees. Individuals save: 4.91 trillions of rupees. Businesses invest: 1.20 trillions of rupees. Foreigners spend: 0.52 trillions of rupees to purchase Pakistani firms. Pakistan imports: 2.32 trillions of rupees. Pakistan exports: 1.20 trillions of rupees. Calculate Pakistan's GDP. Assume that the values are all current and no conversions need to be made. Give your answer in terms of trillions of rupees, and round to two decimals.

Answer 1

Step-by-step explanation:

GDP = C + I + G + NX

Where, C = Consumption, I - Investment, G - Government Purchases, NX - Net Exports

GDP = 11.00 + 1.20 + 3.10 + (1.20 - 2.32)

= 14.18 trillions of Rupees